Low's Companies, a home improvement store chain reported the following summarized figures: (Click the icon to view the income statement.) Click the icon to view the balance sheets.) Low's has 40,000 common shares outstanding during 2024 Read the requirements Requirement 1. Compute the profit margin ratio for Low's Companies for 2024 Begin by selecting the formula to calculate Low Companies profit margin ratio Then enter the amounts and calculate the profit margin ratio for 2024 (Round your answer to one tenth of a percent. XX%) Profit margin ratio - x i Income Statement ement me st outsta Low's Companies fit mar Income Statement Years Ended May 31, 2024 and 2023 fit margir calcula X.X% 2024 2023 Net Sales Revenue $ 43,700 $ 41,600 Cost of Goods Sold 27,700 28,600 Interest Expense 200 140 5,800 8.400 All Other Expenses $ 10,000 $ 4,460 Net Income st and the Print Done * Balance Sheets Assets Liabilities 2024 2023 2024 2023 Cash 5 2300 S 13.300 Short-term Investments 199.000 10,600 Accounts Receivable 7 200 1.900 Total Current Liabilities 27,000 $ 13,300 10,000 Long-term Liabilities 5,300 Total Liabilities 40,300 5.900 Stockholders' Equity 1.800 mmon Stock 12,000 23.900 Merchandis Inventory 7,000 Other Current Assets 6,000 12.000 Total Current Assets 24.900 Retained Earnings 28.200 13,000 51.500 29,000 24.000 Total Equity All Other Assets 40.200 25.000 S 80,500 S 48,900 $ Total Assets 80.500 5 48.900 Total Liabilities and Equity Print Done i Requirements - fit cald XX arg 1. Compute the profit margin ratio for Low's Companies for 2024 2. Compute the rate of return on total assets for 2024 3. Compute the asset turnover ratio for 2024 4. Compute the rate of return on common stockholders' equity for 2024. 5. Are these rates of return strong or weak? Explain your reasoning. Print Done